Todd Solomon > McDermott Will & Emery LLP > Chicago, United States > Lawyer Profile
McDermott Will & Emery LLP Offices
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444 WEST LAKE STREET
CHICAGO, IL 60606-0029
ILLINOIS
United States
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Todd Solomon
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Work Department
Employee Benefits & Executive Compensation
Position
Partner Todd A. Solomon is the head of McDermott’s Benefits, Compensation & Employment Practice Group. Todd focuses his practice on designing, amending and administering pension, profit sharing, 401(k), employee stock ownership and 403(b) plans, as well as nonqualified deferred compensation arrangements. He also counsels privately and publicly held corporations and tax-exempt entities regarding fiduciary issues under the Employee Retirement Income Security Act (ERISA), employee benefits issues involved in corporate transactions, executive compensation matters and the implementation of benefit programs for domestic partners of employees.
Todd has significant ERISA Title I experience and has counseled plan fiduciaries with respect to investment policies, private equity, hedge funds, and other alternative investments, prohibited transaction issues, investment management agreements and payment of expenses from plan assets.
He advises multinational clients on global employee benefits matters and compliance issues. Todd is a council member of the International Bar Association Global Employment Institute (GEI) and serves as editor of the GEI’s Annual Global Report on global legal issues impacting human resources.
Please visit McDermott website for full biography:
https://www.mwe.com/people/solomon-todd-a/
Memberships
Equal Justice Works, Member of the Board of Counselors
International Bar Association (IBA), current Global Employment Institute Council member and past co-chair of the LGBT Law Committee and on the advisory board member of the Pension Action Center
AIDS Legal Council of Chicago, past president of the board of directors
Legal Assistance Foundation of Metropolitan Chicago, member of the board of directors
Equip for Equality, member of the board of directors
Lawyer Rankings
United States > Labor and employment > Employee benefits, executive compensation and retirement plans: design
McDermott Will & Emery LLP has a well-regarded employee benefits and executive compensation practice that specializes in both plan design work, as well as offering support for complex corporate M&A transactions. In Boston, practice head Andrew Liazos is a key contact for numerous Fortune 500 companies. In December 2022, the Boston office was strengthened with the arrival of Alden Bianchi, who is a standout talent in designing health and welfare plans. Working from the Chicago office, Todd Solomon often represents clients regarding ERISA fiduciary issues and employee benefits issues. Also supporting the Chicago office, Jeffrey Holdvogt assists clients with ERISA fiduciary and plan investment matters. In Dallas, Allison Wilkerson excels in designing qualified retirement plans, including pension plans and 401(k)s. In September 2023, Kate Vera, an experienced practitioner in executive compensation issues in the context of bankruptcy, restructuring, and insolvency, joined the New York office.
United States > Labor and employment > Employee benefits, executive compensation and retirement plans: transactional
McDermott Will & Emery LLP boasts significant expertise in ESOPs, health and welfare benefits, and retirement plans, with a strong track record in the healthcare sector, as exemplified by its role advising Novant Health on the compensation and benefits elements of its new for-profit subsidiary. The practice, under Andrew Liazos’s leadership from Boston, assists private entities and compensation committees with ERISA fiduciary duties and compensation plan governance. In Dallas, the ‘brilliant’ Allison Wilkerson specializes in qualified retirement plans, including ESOPs, pension plans, and 401(k) schemes. In September 2023 the New York office was strengthened with the addition of Kate Vera from Kirkland & Ellis LLP, who advises private equity clients and their portfolio companies on executive employment contracts, incentive equity arrangements, and severance deals. Based in Chicago, Todd Solomon manages employee benefits matters in corporate deals, demonstrating extensive ERISA Title I expertise. Lisa Loesel, also in Chicago, provides advice to both private and public companies on the design and transition of employee benefits following M&A and divestitures. The team saw the departure of Judith Wethall and Erin Turley in January 2023.
Lawyer Rankings
- Employee benefits, executive compensation and retirement plans: design United States > Labor and employment
- Employee benefits, executive compensation and retirement plans: transactional United States > Labor and employment
Top Tier Firm Rankings
- Media, technology and telecoms > Technology transactions
- Healthcare > Health insurers
- Healthcare > Life sciences
- Media, technology and telecoms > Outsourcing
- Healthcare > Service providers
- Tax > US taxes: contentious
- Tax > US taxes: non-contentious
Firm Rankings
- Labor and employment > Employee benefits, executive compensation and retirement plans: design
- Labor and employment > Employee benefits, executive compensation and retirement plans: transactional
- Energy > Energy regulation: electric power
- Tax > Financial products
- Labor and employment > Immigration
- Tax > International tax
- M&A/corporate and commercial > M&A: middle-market ($500m-999m)
- Dispute resolution > Product liability, mass tort and class action - defense: toxic tort
- Energy > Renewable/alternative power
- Intellectual property > Trademarks: non-contentious (including prosecution, portfolio management and licensing)
- Labor and employment > Workplace and employment counseling
- Insurance > Advice to insurers
- Media, technology and telecoms > Cyber law (including data privacy and data protection)
- Labor and employment > ERISA litigation
- Dispute resolution > General commercial disputes
- Insurance > Insurance: non-contentious
- Labor and employment > Labor and employment disputes (including collective actions)
- Labor and employment > Labor-management relations
- Intellectual property > Patents: prosecution (including re-examination and post-grant proceedings)
- Real estate > Real estate finance
- Finance > Capital markets: equity offerings
- Antitrust > Cartel
- Antitrust > Civil litigation/class actions: defense
- Energy > Energy transactions: electric power
- Energy > Energy transactions: oil and gas
- Government > Government contracts
- Antitrust > Merger control
- Intellectual property > Patents: litigation (full coverage)
- Finance > Restructuring (including bankruptcy): corporate
- Dispute resolution > Securities litigation: defense
- Finance > Structured finance: derivatives and structured products
- International trade > Trade remedies and trade policy
- Dispute resolution > Corporate investigations and white-collar criminal defense
- Dispute resolution > International arbitration
- M&A/corporate and commercial > Private equity buyouts: large deals ($500m+)
- Investment fund formation and management > Private equity funds (including venture capital)
- Real estate > Real estate
- Dispute resolution > Appellate: courts of appeals / Appellate: supreme courts (states and federal)
- Finance > Commercial lending
- Finance > Fintech